According to the latest research report titled ‘Global Social Trading Market Size study, by Type (Single Trade, Copy Trade, Mirror Trade) by Application (Individual, Enterprise) and Regional Forecasts 2020-2027’, available with Market Study Report, global social trading market is expected to register significant returns over through 2027.
 

As per the findings of the report, increasing popularity of investing among people is the primary factor driving global social trading industry growth. Moreover, lack of professional knowledge regarding investing and trading, growing awareness regarding social trading networks, and rising income levels worldwide are the enhancing the market dynamics.
 

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For the uninitiated, social trading is a branch of trading that enables investors to evaluate behavior of expert traders as well as their peers to help follow a similar strategy by mirror or copying trading. This method doesn’t require any in-depth knowledge of the financial markets and is also considered as an affordable, sophisticated alternative to conventional wealth management practices.
 

Proceeding further, the research literature on global social trading market hosts in-depth segmentation studies including trading type, application, and geographical ambit. With respect type, the industry is categorized into single trade, copy trade, and mirror trade. Moving to the application scope, the market is split into individual and enterprise.
 

Considering the geographical viewpoint, North America, Europe, Asia Pacific, and Latin America are the key contributors to the overall social trading industry expansion. Among these, North America currently accounts for majority of the industry share, largely driven by increasing trend of investing and rising disposable income.
 

Meanwhile, Asia-Pacific market is also expected to pick up face over the forecast timeframe. Factors such as rising per capita income and burgeoning population are the key growth prospects of the industry in this region.
 

Speaking of the competitive landscape, top contenders in global social trading market sphere are ZuluTrade, Tradeo, Mirror Trader, Myfxbook, Darwinex, NAGA Trader, InstaForex, eToro, LiteForex, and Ayondo.